1/24/2016 Flashcards
enclosure Movement
The enclosure movement was this: wealthy farmers bought land from small farmers, then benefited from economies of scale in farming huge tracts of land. The enclosure movement led to improved crop production, such as the rotation of crops.Jun 28, 2016
crop rotation
the action of rotating around an axis or center.
“the moon moves in the same direction as the earth’s rotation”
synonyms: revolving, turning, spinning, gyration, circling More
the action or system of rotating crops.
noun: crop rotation
industrial revolution
The Industrial Revolution is the name given the movement in which machines changed people’s way of life as well as their methods of manufacture. About the time of the American Revolution, the people of England began to use machines to make cloth and steam engines to run the machines.
Factors of Production
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The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.Aug 9, 2012
mechanization
Mechanization or mechanisation (British English) is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery.
Factory systems
The factory system is a method of manufacturing using machinery and division of labour.
cottage Industry
a business or manufacturing activity carried on in a person’s home
entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
tenements
- a room or a set of rooms forming a separate residence within a house or block of apartments.
- a piece of land held by an owner.
Mass Production
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“Mass production”, “flow production” or “continuous production” is the production of large amounts of standardized products, including and especially on assembly lines.
Fordism
Fordism is a term widely used to describe (1) the system of mass production that was pioneered in the early 20th century by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in advanced capitalism.May 17, 2016
Corporation
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
monopoly
1.
the exclusive possession or control of the supply or trade in a commodity or service.
“his likely motive was to protect his regional monopoly on furs”
2.
trademark
a board game in which players engage in simulated property and financial dealings using imitation money. It was invented in the US and the name was coined by Charles Darrow c. 1935.
strikes
1.hit forcibly and deliberately with one’s hand or a weapon or other implement.
“he raised his hand, as if to strike me”
synonyms: bang, beat, hit; More
2.(of a disaster, disease, or other unwelcome phenomenon) occur suddenly and have harmful or damaging effects on.
Unions
the action or fact of joining or being joined, especially in a political context.
“he was opposed to closer political or economic union with Europe”
synonyms: unification, uniting, joining, merging, merger, fusion, fusing, amalgamation, coalition, combination, synthesis, blend, blending, mingling; More
collective
done by people acting as a group.
bargaining
negotiate the terms and conditions of a transaction.
“he bargained with the city council to rent the stadium”
synonyms: haggle, negotiate, discuss terms, hold talks, deal, barter, dicker; formaltreat
“they bargained over the contract”
part with something after negotiation but get little or nothing in return.
“his determination not to bargain away any of the province’s existing economic powers”
be prepared for; expect.
“I got more information than I’d bargained for”
synonyms: expect, anticipate, be prepared for, allow for, plan for, reckon with, take into account, take into consideration, contemplate, imagine, envisage, foresee, predict; More
Eli Whitney
Whitney is an American indie-rock band from Chicago, which formed in 2015 and is signed to Secretly Canadian. The band was formed shortly after the breakup of member Max Kakacek and Julien Ehrlich’s band Smith Westerns in late 2014. Wikipedia
James watt
James Watt FRS FRSE was a Scottish inventor, mechanical engineer, and chemist who improved on Thomas Newcomen’s 1712 Newcomen steam engine with his Watt steam engine in 1781, which was fundamental to
Henry bessesmer
Sir Henry Bessemer, (born Jan. 19, 1813, Charlton, Hertfordshire, Eng.—died March 15, 1898, London), inventor and engineer who developed the first process for manufacturing steel inexpensively (1856), leading to the development of the Bessemer converter. He was knighted in 1879.May 4, 1999
Richard arkwright
Sir Richard Arkwright was an inventor and a leading entrepreneur during the early Industrial Revolution.
